Hoover Institution

In this paper, Alexander Galetovic and Stephen Haber argue that in adjudicating the value of SEPs, courts should do what they normally do in pricing an asset or the flow of income it produces; rely on information from the market – the “comparables” technique. As they note, courts should ask...Read More

An influential literature claims that standard setting in the smartphone industry creates market power. The core of this claim is that there are “too many” owners of the intellectual property rights necessary to make a phone interoperable and compatible, each of whom is able to earn “excessive...Read More